By Andrew Butter No one agrees what the “fundamental†price of gold is. What’s indisputable is that the price went up by 400% over the past ten years; thus the “Gold Bugs†are purring like fat-cats full-up with fresh milk. Their indisputable logic is that the price went up, they got it right, and that proves their logic was correct; it’s hard to argue the other side of that debate. One point of common ground is that most people agree that the price of gold ought to have something to do with oil prices. Indeed the general trajectory of the price of gold has pretty much tracked…
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